With each day of dawdling, the Conservatives’ reputation for financial management is damaged – and the UK dances with financial hazard
It is now inevitable that Liz Truss and Kwasi Kwarteng will need to unpick some of the disastrous mini-Budget. So why wait?– and the UK dances with financial hazard.
Global markets are turbulent. Foreign investors are not rewarding risk takers, a reality the Prime Minister has been slow to accept. Her Chancellor’s position looks perilous. His best hope for survival is a rapid retreat and new-found humility. Before the Chancellor flew out to Washington for a meeting of the International Monetary Fund, he ruled out a climbdown on tax cuts despite jittery markets, Tory MPs were told. Yet while he was abroad,
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